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Research On The Performances Of Security Investment Funds And Its Evaluation System

Posted on:2003-05-30Degree:MasterType:Thesis
Country:ChinaCandidate:H H ZhanFull Text:PDF
GTID:2156360065956459Subject:Finance
Abstract/Summary:PDF Full Text Request
In the process of the research on the performances of security investment funds, the factors and indicators of evaluation on the funds are always the leading problem under a lot of argument, and are also the primary direction the methods of evaluation on the performances of security investment funds develop. Nowadays the research on the performances of security investment funds in China is mainly concerned with two aspects. The one is the feasibility of the theoretical model of performances and the simple computation by means of indicator formulation, which can be used to compute certain performance indicators, such as Average profit rate per week, p coefficient, Johnson coefficient, Sharp Ratio, VAR, Average profit rate per week/VAR and etc. The other one is the research on the degree to which funds holdings are concentrated and research on the tendency of industry selection in the portfolios of funds managers. Every part of market is trying to connect the portfolios selection of funds managers with the market focuses and development directions, hoping that it can lead to the conversion and maturity of the ideas of market investment. Obviously it's necessary to compute the performance indicators. However, in the primary process of funds industry in China, it is also inevitable to research and analyze the internal considerations that performance effect is formed. In addition, with the more varieties of funds and further research on the evaluation on the performances of security investment funds, we should also give more concerns to the performance differentials of different types and different styles of investment funds.Based on the research achievement of performances of security investment funds both in domestic and abroad, this paper will discuss some aspects of the operations of security investment funds, such as investment styles, investment ideas and disturbing factors of correlative persons. And it will also give some advices on how to improve the system of evaluation on the investment funds.
Keywords/Search Tags:Security Investment Funds, Performances Indicator, Portfolio, Investment Idea, Correlative-ship
PDF Full Text Request
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